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| Registros recuperados: 14 | |
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| Pope, Rulon D.; Just, Richard E.. |
| Risky production functions which are commonly in use are shown to be very restrictive. In particular, such functions cannot describe technologies where inputs marginally reduce risk. A simple production function which avoids these restrictions is posited and alternative estimation procedures are discussed. Both maximum likelihood and multistage estimators are discussed. |
| Tipo: Journal Article |
Palavras-chave: Production Economics. |
| Ano: 1977 |
URL: http://purl.umn.edu/22481 |
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| Falatoonzadeh, Hamid; Conner, J. Richard; Pope, Rulon D.. |
| The most useful and practical strategy available for reducing variability of net farm income is ascertained. Of the many risk management tools presently available, five of the most commonly used are simultaneously incorporated in an empirically tested model. Quadratic programming provides the basis for decision-making in risk management wherein expected utility is assumed to be a function of the mean and variance of net income. Results demonstrate that farmers can reduce production and price risks when a combination strategy including a diversified crop production plan and participation in the futures market and the Federal Crop Insurance Program (FCIP) is implemented. |
| Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
| Ano: 1985 |
URL: http://purl.umn.edu/29374 |
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| Chavas, Jean-Paul; Pope, Rulon D.; Kao, Robert S.. |
| An integrated investigation of futures price, cash price, and government programs is presented in the context of an econometric model of acreage supply response for U.S. corn and soybeans. The analysis refines the role of different sources of price information in the farmers' acreage decision. It is found that the government corn support price program plays a major role in corn and soybean production decisions. Also, the results indicate that futures prices are not good proxies for expected future cash prices in the presence of government programs. This raises questions about the information efficiency of futures prices when government intervenes in the market place. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1983 |
URL: http://purl.umn.edu/32481 |
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| Chavas, Jean-Paul; Pope, Rulon D.. |
| A firm model of production and hedging decisions is developed using a mean-variance preference function. Comparative static analysis of the model generates a number of testable hypotheses. For example, the influence of price risk, production risk and hedging cost on the optimal level of production and hedging is analyzed in the framework. |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 1982 |
URL: http://purl.umn.edu/32422 |
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| Pope, Rulon D.; Kramer, Randall A.; Green, Richard D.; Gardner, B. Delworth. |
| Previously published empirical models of U.S. farmland prices are reviewed and reestimated including recent data. It is apparent that structural changes have occurred. A simple single equation econometric model with less economic structure appears to forecast better than a simultaneous equation model. Finally, Box-Jenkins forecasts are roughly as good as those based upon a simultaneous equation econometric model, but somewhat inferior to the single equation model. The results suggest that further research may be needed to explain recent movements of farmland prices. |
| Tipo: Journal Article |
Palavras-chave: Land Economics/Use. |
| Ano: 1979 |
URL: http://purl.umn.edu/32436 |
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| Cardon, James H.; Pope, Rulon D.. |
| This analysis begins with a definition and discussion of productive advertising. Then, following Dixit and Norman, persuasive advertising is used to study the welfare effects of generic advertising by marketing orders. The study first examines horizontal competition when the competing advertiser is a monopoly, and results show that the socially optimal level of advertising for a competitive marketing order is positive only if advertising raises monopoly output. Next, advertising choices of a marketing order which sells its output to a monopolistic distributor are considered. If the distributor is a monopolist, then marketing order advertising raises welfare. This finding is in marked contrast to the results for the horizontal case studied by Dixit and... |
| Tipo: Journal Article |
Palavras-chave: Advertising; Market structure; Welfare; Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/31098 |
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| Registros recuperados: 14 | |
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